Covid-19 is going to cause many consequential changes in our country. However, what won't change is the onset of the grey tsunami or the ongoing need for aged residential care and accommodation. There may be a temporary lull in people making the decision to move into retirement facilities, but that won't last long as health, safety and security concerns override other factors.
Investing in the sector is a rational decision, the only question to ask is: Is now the right time? In the case of MET, I think it is.
"Don't be afraid to take a big step if one is indicated. You can't cross a chasm in two small jumps." David Lloyd George
Covid-19 is going to cause many consequential changes in our country. However, what won't change is the onset of the grey tsunami or the ongoing need for aged residential care and accommodation. There may be a temporary lull in people making the decision to move into retirement facilities, but that won't last long as health, safety and security concerns override other factors.
Investing in the sector is a rational decision, the only question to ask is: Is now the right time? In the case of MET, I think it is.
Rational and reasonable.
Rare around here at the moment.
Covid-19 is going to cause many consequential changes in our country. However, what won't change is the onset of the grey tsunami or the ongoing need for aged residential care and accommodation. There may be a temporary lull in people making the decision to move into retirement facilities, but that won't last long as health, safety and security concerns override other factors.
Investing in the sector is a rational decision, the only question to ask is: Is now the right time? In the case of MET, I think it is.
Agree with all of this and recently bought back in to MET for these and the reasons Beagle has articulated so clearly, but what I suspect will change is the ability of the "grey tsunami" to pay if the value of their existing houses and other assets being sold to buy into a retirement home fall. MET will continue to do business but IMHO there is a question mark over the price they will realise. Regardless, the share price is still sufficiently far below a Covid-19 adjusted NTA for me.
Agree with all of this and recently bought back in to MET for these and the reasons Beagle has articulated so clearly, but what I suspect will change is the ability of the "grey tsunami" to pay if the value of their existing houses and other assets being sold to buy into a retirement home fall. MET will continue to do business but IMHO there is a question mark over the price they will realise. Regardless, the share price is still sufficiently far below a Covid-19 adjusted NTA for me.
Rymans, and I suspect all the big players in the sector, pitch their unit prices at a percentage of property prices in the area, in RYM's case at 75%. I agree that there will probably be a lull as the market adjusts and individuals' plans are reviewed but the march of time and its effects will continue regardless.
It’s an Osborne Executive portable computer launched.p in 1983
Fun fact.... It was specifically designed to fit under an airliner seat... Business Class one assumes. Only "portable" I'm aware of with a CRT. But yeah...grasping for context.
"The market can stay irrational longer than you can stay solvent." – John Maynard Keynes
Originally Posted by King1212
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